ModivCare Inc. Reports Board Changes and Executive Compensation Updates
| Field | Detail |
|---|---|
| Company | Modivcare Inc |
| Form Type | 8-K |
| Filed Date | May 28, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, compensation, governance
TL;DR
ModivCare's board is shuffling, exec pay is changing. Keep an eye on this.
AI Summary
ModivCare Inc. announced on May 21, 2025, a change in its board of directors and executive compensation arrangements. The filing details the departure of certain directors and the election of new ones, alongside updates to compensatory arrangements for key officers. This report was filed on May 28, 2025.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy, governance, and future performance, impacting investor confidence.
Risk Assessment
Risk Level: medium — Changes in board and executive compensation can indicate internal shifts that may affect future company performance and stability.
Key Numbers
- 001-34221 — SEC File Number (Identifies the company's filing with the SEC.)
- 86-0845127 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- ModivCare Inc. (company) — Registrant
- May 21, 2025 (date) — Date of earliest event reported
- May 28, 2025 (date) — Date of report filing
- Delaware (jurisdiction) — State of incorporation
- Denver, Colorado (location) — Principal executive offices location
FAQ
What specific reasons were given for the departure of directors?
The filing indicates 'Departure of Directors or Certain Officers' as an item, but the specific reasons for any departures are not detailed in the provided text.
Who are the newly elected directors?
The provided text mentions the 'Election of Directors' as an item but does not name the individuals elected.
What are the key changes in the compensatory arrangements for certain officers?
The filing lists 'Compensatory Arrangements of Certain Officers' as an item, but the specific details of these arrangements are not included in the provided text.
What is the significance of the 'Financial Statements and Exhibits' item?
This item indicates that financial statements and exhibits are being filed as part of this report, which could include important financial data or supporting documents.
When did ModivCare Inc. change its name from Providence Service Corp?
The filing states the 'DATE OF NAME CHANGE: 20030226', indicating the name change occurred on February 26, 2003.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on May 28, 2025 regarding ModivCare Inc.